In a look ahead to next week, we looked at the euro breaking out, USD/CAD trading into important support zone, AUD/NZD's bearish pattern, and whether gold can break out of its range.
As we stare down the end of Q3, both the US Dollar and EUR/USD have put in noticeable breakout moves. The big question, at this point, is the prospect of continuation.
Although traders are further net-long than last week, the combination of current sentiment and recent changes gives us a US 500-bullish contrarian trading bias.
Charts for Next Week – EUR/USD, USD/CAD, AUD/NZD, Gold Price & More
In a look ahead to next week, we looked at the euro breaking out, USD/CAD trading into important support zone, AUD/NZD's bearish pattern, and whether gold can break out of its range.
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US Dollar Price Action Setups After USD Breaks Down
As we stare down the end of Q3, both the US Dollar and EUR/USD have put in noticeable breakout moves. The big question, at this point, is the prospect of continuation.
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S&P 500: Retail Traders Remain Short Despite Recent All Time Highs
Although traders are further net-long than last week, the combination of current sentiment and recent changes gives us a US 500-bullish contrarian trading bias.
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Dow Gaps Up to Fresh Highs, More Room to Run?
The Dow Jones Industrial Average has just gapped-up to another fresh high. Can bulls muster the strength to continue the move, or might a pullback first be in order?
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Trading Outlook for DXY, EUR/USD, GBP/USD, Gold Price & More
It's been a very uneventful month so far in the dollar, but that should soon change with ranges set to expand at some point for both USD pairs and gold.
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Dow Jones Holds Near Seven-Month Highs: Levels to Know
US equities are holding on to recent gains despite the negative headlines around tariffs. The Dow has shown little motivation above the 26k level so far: Might a deeper retracement be near?
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Trading Outlook for Gold Price, Crude Oil, DAX, S&P 500 & More
Today, we tried to make some sense of the ongoing range in gold price, important support in oil, and the positioning of the weaker DAX and stronger S&P 500.
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US Dollar Stuck in Range and Looking for Cues
US Dollar continues its sideways range while the gold to silver ratio is at the highest level since the early 90's.
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A steady slide in the Dollar and healthy advance is equities this past week was checked before we reached the opportunity for a break. What are the levels and markets we should watch most closely in ...Continue Reading
GBPUSD Weekly Technical Outlook: Trend Support Needs Respecting
The daily GBPUSD chart shows further upside possible but the four-hour chart warns that the recent uptrend may be broken and drag and caution is needed.
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Japanese Yen Weekly Technical Outlook: Charts Spell Trouble for Yen
The Japanese Yen is entering the new week on weak footing, especially as the Nikkei 225 attempts a breakout.
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Equities Forecast for Dow, S&P 500, DAX, FTSE and Nikkei
European equities finally found a bit of support as US equities pulled back to close the week. Global stocks appear to be lining up for an interesting Q4 around-the-world.
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Dollar Is Closing in On a Break that Either Extends Trend or Triggers Reversal
The Dollar’s range is starting to represent one of the longest periods of indecision for the currency in four years. A break is inevitable but the question is ‘how soon’ and whether...Continue Reading
EUR/USD Weekly Technical Outlook: Euro Stalls at Wall of Resistance
The euro will start the week coming off resistance, keeping it amid the chop; tactical considerations outlined for both sides of the market.
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Dow Jones Pulls Back to Near-Term Support After Seven-Month Highs
The Dow is pulling back from fresh seven-month highs, and prices have begun a test of a short-term support zone as reports around Chinese tariffs have started to circulate.
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USD-Focused Charts for Next Week – EUR/USD, USD/CAD, Gold Price & More
Today, we looked at growing likelihood that USD makes another meaningful leg lower as support comes under fire.
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US Dollar Nears a Six-Week Low; Will Data Push it Over the Edge?
The US dollar index (DXY) is sitting on technical support as we head into the weekend, with a raft of US economic releases out later in the session.
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S&P 500 Trader Sentiment Yields A Conflicting Bias
The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.
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USD/JPY Sentiment Suggests A Bullish Trading Bias
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bullish contrarian trading bias.
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US Dollar Price Action Setups as USD Grasps on to Support
It was a big morning across FX-land, but with some of the dust now settled, we take a look around the next corner to see which USD trends may drive into year-end.
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GBP/USD: Weekly Long Positions Decrease 20% Sparking Bullish Bias
Recent changes in sentiment warn that the current GBPUSD price trend may soon reverse higher despite the fact traders remain net-long.
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Gold: A 27% Fall in Weekly Short Positions Prompts a Bearish Bias
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias.
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Bitcoin and Ethereum Price Analysis: Buyers Beware
The cryptocurrency market is limbering up for another dead cat bounce as prices edge higher after the recent heavy sell-off. Sentiment remains negative.
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AUD/USD Technical Analysis: Trend Bias Still Bearish After Rebound
The Australian Dollar has mounted a spirited recovery against its US counterpart but overall chart positioning continues to favor downtrend resumption.
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